NIRVANA, FOREST RISE, CINDERFORD, GL14 2BX - £295,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

NIRVANA is a large detached house of 115m², built sometime between 2003 and 2006, which could now be worth an estimated £352,953. It was last sold for £295,000 in July 2021, which was around 13% below the average July 2021 detached price in the Forest of Dean local authority area. The most recent EPC inspection was October 2020, where the current energy rating was C, and the potential energy rating was B.

NIRVANA Sold Prices

Land registry data shows two sales for NIRVANA since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Forest of Dean local authority area for the corresponding sale date. Both of the two NIRVANA sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2021 29 JUL	£295,000	£338,530	13% below HPI
2007 31 MAY	£210,000	£245,530	14% below HPI

NIRVANA Price Paid vs. HPI Average

The below graph shows the average detached house price in the Forest of Dean local authority area over time, sourced from the HPI. The two NIRVANA sales from May 2007 and July 2021 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the May 2007 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the July 2021 sale, where it rises to 13% below the HPI. The line then continues to track at 13% below the HPI.

What might NIRVANA be worth now?

NIRVANA might now be worth an estimated £352,953.

This is based on house price inflation of 19.6%, between July 2021 and February 2025, for detached houses, in the Forest of Dean local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 19.6% inflationary increase is applied to the most recent sale price for NIRVANA of £295,000 on 29th July 2021. For the value to have increased from £295,000 to £352,953 over the four years and five months to February 2025, the following assumptions must hold true:

• The value of NIRVANA has moved in line with the HPI for detached houses in the Forest of Dean local authority area.
• The July 2021 sale price of £295,000 represented a fair market value for the property.
• The size, condition, and specification of NIRVANA has not materially changed since July 2021.

How Large is NIRVANA?

NIRVANA is 115m² according to the EPC inspection conducted in October 2020. This puts it in the largest 40% of detached houses houses in Cinderford, based on EPC data. The below chart shows the distribution of detached houses houses by size in Cinderford, and where NIRVANA lies on this distribution: 67% of detached houses houses are smaller than NIRVANA, and 32% of houses are larger. Note that EPC data is not available for all properties in Cinderford.

NIRVANA: Plot and Title Map

NIRVANA sits on a plot of roughly 0.112 of an acre, or 454m². The below map shows the location of NIRVANA, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of NIRVANA). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is NIRVANA?

NIRVANA is located on FOREST RISE in CINDERFORD, in the GL14 postcode district. The below map shows the position of NIRVANA on FOREST RISE.